Not another ERP

Standards table

39 current IFRS and IAS standards — built into DWED’s accounting settings. We don’t use outdated ones. Hover over or tap a tile to see what DWED does.

IAS IFRS from 2027

• IAS 1 Presentation of financial statements IAS 1 Financial year and report formats are in settings; reports build themselves.
• IAS 2 Inventories IAS 2 FIFO or weighted average — cost of goods sold is automatic; delivery is part of the item cost.
• IAS 7 Cash flows IAS 7 Direct or indirect cash flow statement — across all accounts, tills and card acquiring.
• IAS 8 Accounting policies and errors IAS 8 Small errors are fixed in the current period, material ones by restating past reports.
• IAS 10 Events after the reporting period IAS 10 Dividends become a liability from the date of the shareholders’ decision.
• IAS 12 Income taxes IAS 12 Deferred tax and prior-year losses reduce future tax automatically.
• IAS 16 Property, plant and equipment IAS 16 Depreciation is automatic: straight-line, accelerated or by usage; land isn’t depreciated.
• IAS 19 Employee benefits IAS 19 Pension obligations and plan assets on the balance sheet, discounted at bond yields.
• IAS 20 Government grants IAS 20 A grant as income over time or deducted from cost; with conditions — income once they’re met.
• IAS 21 Foreign exchange rates IAS 21 Each branch has its own currency; foreign-currency accounts are revalued at the reporting date.
• IAS 23 Borrowing costs IAS 23 Interest on construction loans is added to the asset’s cost automatically.
• IAS 24 Related parties IAS 24 Related-party deals and key management pay are disclosed automatically.
• IAS 27 Separate financial statements IAS 27 Stakes in other companies: equity method, at cost or at market value.
• IAS 28 Associates IAS 28 Significant influence from 20%: the stake uses the equity method.
• IAS 29 Hyperinflation IAS 29 Switches on by country; DWED loads the price index monthly and restates the report.
• IAS 32 Financial instruments: presentation IAS 32 Treasury shares and unpaid contributions reduce equity.
• IAS 33 Earnings per share IAS 33 Earnings per share are calculated automatically — basic and diluted.
• IAS 34 Interim reporting IAS 34 A quarterly report for banks and investors at the end of every period.
• IAS 36 Impairment IAS 36 At year-end DWED lists assets that lost value and proposes a write-down.
• IAS 37 Provisions IAS 37 Lawsuits and disputes: a provision or a disclosure is set automatically by likelihood.
• IAS 38 Intangible assets IAS 38 Software and licences amortise automatically; building your own product becomes an asset.
• IAS 40 Investment property IAS 40 Buildings held for rent — at cost or revalued to market every year.
• IAS 41 Agriculture IAS 41 Livestock and crops are revalued at DWED and exchange prices less costs to sell.
• IFRS 1 First-time adoption IFRS 1 Balances at the transition date are restated to IFRS, the difference goes to equity.
• IFRS 2 Share-based payment IFRS 2 Employee options are an expense spread over the vesting period.
• IFRS 3 Business combinations IFRS 3 Bought a company — goodwill and non-controlling interest are calculated, tested yearly.
• IFRS 5 Assets held for sale IFRS 5 Assets “for sale” stop depreciating; a discontinued line is shown separately.
• IFRS 6 Mineral exploration IFRS 6 Exploration costs become a mine asset once reserves are confirmed.
• IFRS 7 Financial instruments: disclosures IFRS 7 For banks: capital adequacy and liquidity are calculated daily.
• IFRS 8 Operating segments IFRS 8 Profit by branch, business line and region — on a separate report page.
• IFRS 9 Financial instruments IFRS 9 Expected credit losses on customer debts accrue automatically every month.
• IFRS 10 Consolidation IFRS 10 Subsidiaries are consolidated, intra-group deals are disclosed.
• IFRS 11 Joint arrangements IFRS 11 Joint ventures — using the equity method.
• IFRS 13 Fair value IFRS 13 Prices from exchanges to real DWED deals; revaluation on your schedule.
• IFRS 15 Revenue IFRS 15 Revenue is booked automatically: on shipment, on service delivery or over a long contract.
• IFRS 16 Leases IFRS 16 Long leases become an asset and a liability automatically; short and low-value ones are a monthly expense.
• IFRS 17 Insurance contracts IFRS 17 Premiums and claims are recorded automatically, future claims in today’s money.
• IFRS 18 Presentation and disclosure from 2027 IFRS 18 New report sections and reconciliation of your investor metrics — already in DWED.
• IFRS 19 Subsidiaries without public accountability from 2027 IFRS 19 Reduced disclosures for an eligible subsidiary.

Plus IFRIC interpretations 2, 17, 20, 22, 23 and public-sector standards IPSAS 23, 24, 45, 47.